ADAUSD Archives - Cryptolifedigital

Cardano (ADA) Nears New Heights: Analyst Predicts $0.78 Following Recent Rally

28Dec

By OLAJIDE SAMUELNo Comments

Cardano

Cardano (ADA) Nears New Heights: Analyst Predicts $0.78 Following Recent Rally

Cardano (ADA) has been on an impressive trajectory in recent weeks, reclaiming a new yearly high and gaining 73% from its November low of $0.3745 to a peak of $0.6776 this month. Despite facing resistance and retracing to around $0.53, ADA has exhibited signs of recovery, sparking optimism among market watchers. Notably, crypto analyst Ali Martinez believes that Cardano is poised for further gains, with a potential move toward the $0.70 range. Read Also: Shiba Inu's Soaring Outlook: Shibarium, Burns, and Whales Propel SHIB to New Heights https://twitter.com/ali_charts/status/1740004785217282178?s=20 Key Developments Recent Performance: ADA has experienced notable upward movement, with a 73% increase from its November low to a yearly high of $0.6776. Although facing resistance a...

Cardano Dominates On-Chain Activity, Surpasses Bitcoin and Ethereum in 24-Hour Transaction Volume

Cardano (ADA), the blockchain platform known for its commitment to sustainability and innovation, has emerged as the leader in on-chain activity, surpassing major players like Bitcoin and Ethereum, according to data from crypto research firm Messari. Cardano's Remarkable On-Chain Transaction Volume Messari's latest report reveals that Cardano's 24-hour on-chain transaction volume has reached an impressive $23.56 billion. This figure not only outshines Cardano's previous daily average but also significantly surpasses other mainstream blockchain networks. The platform's on-chain volume had been steadily increasing throughout December, hitting a peak of $29.86 billion on December 9. Read Also: VeChain's Bullish Surge: VET Hits 10-Month High, VTHO Rallies 43% in a Week Comparison wit...

Cardano Whale Transaction Volume Spikes – ADA Price Direction Change Likely, Santiment Says

On May 12th, the Santiment analytics team observed an increase in Whale transactions on the Cardano chain, while the price dipped to the $0.40 level. The tweet even specified the times when this rise in transaction volume occurred – between 8 a.m. and 12 p.m. Read Also: What To Know About NFTs – A Guide to the Latest Trend in Blockchain Santiment said that whale transaction spikes as such are often followed by ADA price reversal. https://twitter.com/santimentfeed/status/1525197457847558144 currently, the top 7 coin ADA is trading at $0.5301 after recovering to the $0.6 zone from $0.4. At the moment, ADA is 82.72 percent below its historic peak of $3.10 reached on September 2. This year, on January 18, the coin managed to rise to a high of $1.6. Read Also: OpenSea NFT H...